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> Europe desperately needs gas this winter Yes, but consider this: There's ca. $2bn of LNG waiting on LNG tankers around Europe, with many more ships to come.

> Europe desperately needs gas this winter Yes, but consider this: There's ca. $2bn of LNG waiting on LNG tankers around Europe, with many more ships to come. https://www.aljazeera.com/news/2022/11/6/dozens-of-ships-carrying-lng-lingering-around-europes-coast https://www.aljazeera.com/news/2022/11/6/dozens-of-ships-car... Does not look all that desperate to me any more by this point. The price is higher than before of course, but that is much less of a problem than not having the gas. Besides, isn't that higher price exactly what is needed anyway with climate change looming? About twenty-five years ago the Greens in Germany wanted 5 DM (it was ca. 1.50 DM at the time) for a liter of gas for that reason.

thwayunion 4y ago
Yes, supply is meeting demand. That's roughly consistent with the (all in all relatively modest) 7.4% price move in us futures, some of which was retraced. If this had happened with less reserve in the system, that price move would've been much higher (and from a much higher base).